Seriously Slime: The Slime Business that Took Shark Tank by Storm
In 2017, a group of young entrepreneurs pitched their unusual business idea on Shark Tank, and it ended up being one of the most memorable episodes in the show's history. The company was called Seriously Slime, and its founders, three siblings from California, were determined to make a splash in the tank.
The Idea Behind Seriously Slime
Seriously Slime was founded by siblings Kailey, Kevin, and Kylie Radtke, who grew up making slime as a hobby. They started selling their creations online and at local craft fairs, and soon, their business took off. The siblings perfected their recipes, creating a wide range of slimes with different textures, colors, and fragrances. They also developed a strong online presence, with millions of followers on social media platforms like Instagram and YouTube.
The Shark Tank Pitch
When the Radtke siblings appeared on Shark Tank, they were seeking an investment of $150,000 in exchange for 20% equity in their company. The sharks were initially skeptical, but the siblings' enthusiasm and confidence quickly won them over. Kailey, Kevin, and Kylie presented their products, demonstrating the various textures and sensations of their slimes. They also shared their impressive sales figures, which showed a significant increase in revenue over the past year.
The Sharks' Reactions
Mark Cuban was the first shark to make an offer, proposing $150,000 for 25% equity. However, the siblings were hesitant to give up too much control of their company. Lori Greiner, known as the "Queen of QVC," then made an offer of $150,000 for 22% equity, which the siblings eventually accepted.
After the Tank
After their appearance on Shark Tank, Seriously Slime experienced a massive surge in sales and popularity. The company's website crashed due to the high volume of traffic, and their products quickly sold out. The Radtke siblings continued to work with Lori Greiner, who helped them secure deals with major retailers like Target and Walmart. Today, Seriously Slime is a multimillion-dollar company, with products available in stores and online across the United States.
The Legacy of Seriously Slime
Seriously Slime's success on Shark Tank paved the way for other entrepreneurs in the arts and crafts industry. The company's story serves as a testament to the power of innovation, hard work, and determination. The Radtke siblings proved that even the most unusual business ideas can be successful with the right mindset and support.
Conclusion
Seriously Slime's journey on Shark Tank is an inspiring tale of entrepreneurial spirit and creativity. The company's founders took a risk by pursuing their passion, and their hard work paid off in a big way. As the slime craze continues to sweep the nation, Seriously Slime remains at the forefront, inspiring others to turn their hobbies into successful businesses.